$this->bbcode_second_pass_quote('AirlinePilot', 'I')t's only hilarious to you because you are not looking far enough down the road. NG rigs are not like oil rigs.

[AirlinePilot]

Yes OF they are raising money and finding oil and spending capital etc. I do not, nor have I denied that. What you are failing at in your argument is the dismissal of the magnitude of the spending going on now versus what was going on a year or two ago. There is no refuting 20-30% less capital spending as an industry. It does not result in greater production down the road, it WILL result in less. The industry cannot pivot quickly with increased prices and this will have an impact which you choose to ignore.

This is typical of your mantra with the economy as well. The O&G industry is in trouble, maybe not terminally, but trouble none the less. You choose to refuse to see it and that's just fine. I'll continue to balance your cornucopian game with a dose of reality now and then.

[AirlinePilot]

$this->bbcode_second_pass_quote('OilFinder2', 'T')he article doesn't say these oil blocks aren't being developed, it says they are being developed! That supports my case, not yours!

[AirlinePilot]

More rosy outlooks on the industry...ALL IS WELL!!!!!

Morningstar Industry report

[copious.abundance]

US rig count still trending upwards. Even natural gas rig counts are going back up.

>>> US rig count gains another 17 units <<<

$this->bbcode_second_pass_quote('OilFinder2', '.') . . Otherwise known as, "When the economy gets better, drilling and exploration pick up again. . . "

[AirlinePilot]

This is nothing more than corporate doublespeak for "we're in deep shiite now boyz, and we cant continue as before". Don't let OF or any other corny attempt to persuade you otherwise. I'd also point to the cratering profits of the majors this week as further evidence of industry "problems".


http://www.rigzone.com/news/article.asp ... 921&hmpn=1

"ConocoPhillips CEO James Mulva signaled a dramatic shift in course for the nation's third-largest oil company Wednesday, saying that after years of bulking up through acquisitions, it is now focused on being a smaller, leaner business that takes better care of its shareholders."

[Homesteader]

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('OilFinder2', '.') . . Otherwise known as, "When the economy gets better, drilling and exploration pick up again. . . "

[copious.abundance]

Meanwhile, the US rig count continues to climb.

>>> Number of active rigs increase by 21 <<<

$this->bbcode_second_pass_quote('AirlinePilot', 'T')his is nothing more than corporate doublespeak for "we're in deep shiite now boyz, and we cant continue as before". Don't let OF or any other corny attempt to persuade you otherwise. I'd also point to the cratering profits of the majors this week as further evidence of industry "problems".


http://www.rigzone.com/news/article.asp ... 921&hmpn=1

"ConocoPhillips CEO James Mulva signaled a dramatic shift in course for the nation's third-largest oil company Wednesday, saying that after years of bulking up through acquisitions, it is now focused on being a smaller, leaner business that takes better care of its shareholders."

[copious.abundance]

Posted back on July 17, to refresh your memory.
$this->bbcode_second_pass_quote('OilFinder2', 'I') had a feeling you might post this. This list is a great example of why I think all this talk about curtailment of energy projects is one of the most over-hyped things in recent memory. --snip-- All you had to do was read over the list to determine that most of them don't even have anything to do with the production of oil - and a few of them could very well mean that less oil will be consumed because they aren't even energy projects.*sigh*

[AirlinePilot]

OF,

You really dont understand how corporate leaders operate do you. That statement from the CEO is complete doublespeak to pump and maintain shareholders confidence. It means absolutely nothing else and it isnt connected at all to the bottom line factual events which are being played out in the oil and NG industry. Companies are SHRINIKING. Profits are DECLINING and they are desperate to dull that fact with investors.

That link fully and completely supports my ongoing and non spun point that the industry is in trouble. You can only characterize it some other way by SPINNING it inside of your cornucopial playground. You completely lose any credibility when you do this and those of us who understand how reality works vice some fantasy land get it.

Any corny attempt by you to spin this otherwise will be met swiftly by my large BS flag.

[AirlinePilot]

I never said there was going to be an Oil crisis. And yes when the price of oil has more than doubled since last fall I'd expect that those cancelled projects would be brought back when economically viable. So what? Did you think I posted those stories thinking those particular projects would be forever lost?

Where did you ever see me say anything of the sort anywhere??

Stop mischaracterizing my posts with your corny BS please.

[AirlinePilot]

From the link I posted just above: "Some will say what we're doing essentially is that we're shrinking to grow," Mulva said during a conference call to discuss the company's quarterly earnings. "That would be a fair assessment."

No Expletive deleted. Sherlock and its a completely a bogus statement. Any company that shrinks doesn't "grow" It simply shrinks. Which means to me less assets, less capital, and less people to do the business of that company. Anyone who analyzes Con Phillips will see what complete and utter Expletive deleted. this statement was. It's nothing more than pure and simple damage control.

But you go ahead and try to spin it some other corny way. Typical.

$this->bbcode_second_pass_quote('AirlinePilot', 'T')hat statement from the CEO is complete doublespeak to pump and maintain shareholders confidence.

[AirlinePilot]

$this->bbcode_second_pass_quote('OilFinder2', 'C')iting lists like this as evidence of some upcoming oil crisis is proof, in my book, that peakers are very low on the critical-analysis-skills scale. All you had to do was read over the list to determine that most of them don't even have anything to do with the production of oil - and a few of them could very well mean that less oil will be consumed because they aren't even energy projects.*sigh*

[AirlinePilot]

CEO's lie all the time, if you haven't had experience with that than I cant help you.

$this->bbcode_second_pass_quote('AirlinePilot', 'I') never said there was going to be an Oil crisis. And yes when the price of oil has more than doubled since last fall I'd expect that those cancelled projects would be brought back when economically viable. So what? Did you think I posted those stories thinking those particular projects would be forever lost?

$this->bbcode_second_pass_quote('AirlinePilot', 'P')lease show me WHERE I or any other Peaker here has said there is an "upcoming oil crisis". I'll wait.

$this->bbcode_second_pass_quote('AirlinePilot', 'P')lease show me WHERE I or any other Peaker here has said there is an "upcoming oil crisis". I'll wait.